FRITZ MUMENTHALER APPOINTED NEW CEO OF ASCOM AS OF 1 APRIL 2011

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2 [ ASCOM GROUP ] FRITZ MUMENTHALER APPOINTED NEW CEO OF ASCOM AS OF 1 APRIL 2011 Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 2

3 [ ] ASCOM MEDIA & ANALYST CONFERENCE 12 JANUARY 2011 TARGETS Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 3

4 [ ] AGENDA Ascom Group Wireless Solutions Network Testing Security Communication Outlook and Valuation Riet Cadonau Fritz Mumenthaler Rikard Lundqvist Fritz Gantert Martin Zwyssig Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 4

5 [ ] OUTLINE: IN 13: 14 TO 15 (2013 E: 14-15% EBITDA-MARGIN) Five good reasons to invest in a technology leader Mission-Critical Communication strategy since 2004 Ascom strategy implementation Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 5

6 [ GROUP ] FIVE GOOD REASONS TO INVEST IN A TECHNOLOGY LEADER 1) A market leader in selected Mission-Critical Communication segments Higher growth profile at double-digit EBITDA-margin Soundness of financials and strategy proven during the global economic crisis Strategic flexibility from very solid balance sheet and net cash position 2) Discount valuation compared with peers, based on 2013 expectations Discount to engineering, high-tech and health care comparable peers EBITDA-margin to expand to 14-15% in 2013 Potentially higher free float and share liquidity Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 6

7 [ GROUP ] FIVE GOOD REASONS TO INVEST IN A TECHNOLOGY LEADER 3) Wireless Solutions (WS) to capitalize on health care communication focus Health care communication major share of revenue, based on new markets, products, channels, and acquisitions Growth based on mega trends of demography and home care Organic growth initiatives in 2011 to enhance cash flows 4) Network Testing (NT) to capitalize on mobile operators need to invest in 4G networks (LTE) as of 2012 Based on exponentially growing mobile data transfer Expected benefits from customers network investments, given NT global market leadership 5) Security Communication (SeCom) to harvest the Swiss champion position Focus on national and civil security communication Life-cycle partner for Swiss clients Internationalization as an upside through partners abroad Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 7

8 [ GROUP ] MISSION-CRITICAL COMMUNICATION STRATEGY SINCE 2004 Customer needs: Communication systems and solutions, which enable quicker and very reliable responses, when security, safety or efficiency is mission critical Constant innovation, which ensures efficient use of customers investments and resources Strategy: Substantial investments in innovation and people Operational excellence Active portfolio strategy Market leadership in selected communication segments with international growth perspectives based on specific growth drivers Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 8

9 Financials Phases [ GROUP ] CONSISTENT IMPLEMENTATION OF THE STRATEGY SINCE E E 13 divestments 4 acquisitions ~3 000 employees to new owners Investment year in new product and geographical markets, technology and services Harvesting the investments Further globalization Mission-Critical Communication ~1000 MCHF cash generated from operations and divestments 11-12% EBITDA margin (2010) Solid balance sheet Growth in WS, NT flat and SeCom decrease Revenue CAGR (WS / NT) 5-10% EBITDA-margin 14-15% in 2013 Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 9

10 [ GROUP ] STRATEGIC PLAN : IN 13: 14 TO 15 (2013 E: 14-15% EBITDA-MARGIN) THE CONSISTENT IMPLEMENTATION OF OUR PROVEN STRATEGY 2010 Sustainable profitability achieved - Leading positions in growth markets - All divisions profitable and positioned to capture future growth 2011 Investments in complementary technologies, regional growth and new offerings to accelerate Mission-Critical Communication strategy - Investments to reinforce organic growth: Distribution, R&D, offering - M&A (Wireless Solutions): Health care communication or market consolidation 2012/13 Harvest the fruits - Wireless Solutions (WS): Return on health care communication investments - Network Testing (NT): Return on LTE investments, driven by mobile data growth - Security Communication (SeCom): Benefits from improved efficiency Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 10

11 [ GROUP ] ASCOM STRATEGY IMPLEMENTATION: INVESTMENTS IN 2011 LIFT GROUP TO THE NEXT LEVEL OF VALUE CREATION 1st priority INVESTMENTS LEVEL RESULTS 2011 PLAN WS New products New technologies New markets and channels M&A WS: continued growth and preparing for accelerated growth and profitability NT Investments in products SeCom Life-cycle partnership in CH Investments in efficiency NT: preparing for LTE growth SeCom: even more stable and less risky business model PLAN Harvesting and continued internationalization Revenue CAGR (WS/NT) 5-10% p.a. organic growth EBITDA-margin (Group): In 13: 14 to 15 11

12 [ GROUP ] ASCOM A MISSION-CRITICAL COMMUNICATION COMPANY Wireless Solutions Network Testing Security Communication Wireless on-site communication solutions for hospitals, elderly care, and other establishments. Testing and optimization solutions for mobile networks. Communication solutions for national and civil security organizations. Leading wireless on-site communication company to become the international leader in health care communication No. 1 globally in mobile network optimization and benchmarking tools benefiting from LTE investments Swiss national champion in communication technology and international product supply through partners 12

13 [ ] WIRELESS SOLUTIONS LEADING WIRELESS ON-SITE COMMUNICATION COMPANY TO BECOME THE INTERNATIONAL LEADER IN HEALTH CARE COMMUNICATION Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 13

14 [ WIRELESS SOLUTIONS ] DIVISION WIRELESS SOLUTIONS Mission Ascom Wireless Solutions is the leading provider for on-site and wireless communication solutions in health care communication and in other market segments. Customers Core Segments Subsidiaries Hospitals Elderly care Others (Retail, Hotel, Industry, Security establishments) Figures 2009: 2013 Targets: Revenues 265 MCHF 5-10% CAGR EBITDA-margin 11.3% 12-15% Employees

15 [ WIRELESS SOLUTIONS ] WIRELESS SOLUTIONS IS ASCOM S MAIN CONTRIBUTOR TO INCREASE EFFICIENCY IN HEALTH CARE COMMUNICATION Core segments Hospitals and elderly care (ca. 50% of divisional revenues) Industry, hotels, retail, secure establishments (e.g. prisons) Mobile workplace telephony equipment Direct & indirect channel Direct & indirect channel Direct & indirect channel & OEM s Product/Service offering Voice Alarming Messaging Localisation Products Systems Solutions Services Go-to-market Direct channel: own sales organizations (larger EU countries, US) Indirect channel: selected resellers and distributors (Europe, Australia and Middle East) OEM channel Growth driver Demographic development reinforces secular growth of healthcare market Emerging trend to independent living, given cost pressure and limited space Financials Relative margin stability due to stable end-markets and high service & maintenance share H1 2010: EBITDA-margin of 12.5% Market growth of approx. 4-5%, Ascom to continue to outgrow the market 15

16 [ WIRELESS SOLUTIONS ] MAJOR SHARE OF REVENUE IN HEALTH CARE COMMUNICATION Business Model: Product, systems and service business Proportion of global population aged % Growth drivers: Longevity and ageing population Pressure for cost reduction in (public) health care spending Trend towards independent living Buy & build 20% 15% 10% Innovative Ascom offering: Ascom i62: The new hospital phone! Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 5% 0% Source: UN World Population Ageing

17 [ WIRELESS SOLUTIONS ] HEALTH CARE COMMUNICATION FOCUS: ATTRACTIVE, GROWING CUSTOMER SEGMENTS AND A RESILIENT REVENUE STREAM 13% 5% 5% 10% 30% Hospitals Elderly care Industry Secure establishments Hotel and Retail Target 2013: Grow health care communication related to major share of revenue (which includes an acquisition) Share of recurring revenues from service and maintenance to increase from 25% to 30% 16% 21% Other OEM Broad customer base with limited cluster risks, given average order size approx. CHF Today (H1/2010): ca. 50% in health care communication related segments Top 10 customers only account for 16% of revenues, Top 50 for approx. 25% Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 17

18 [ WIRELESS SOLUTIONS ] MULTIPLE KEY DRIVERS OF MARKET GROWTH FOR WIRELESS SOLUTIONS COMMUNICATION OFFERING Customer demand Unified communication Increasing cost pressure drives the need for quantifiable ROI (TCO) Communication as a Service ( Caas ) drives new business model: pay as you use Demand for systems drives base for service growth Ongoing regulatory requirements (ISO, FDA, MDD) Technology Convergence to global IP standard Reduced complexity for multi-site systems Increased band-width requirement Tech coexistence (DECT, WiFi, GSM) Competition A growing market for Wireless Solutions offering Ongoing market consolidation Operators potentially entering WS markets Clustered offerings for unified communication Demographics / Economy Demographics: - Ageing population - Longer life expectancy - Elderly people stay off-site Regional trends: - APAC & Latin America: economic growth triggers new Capex - Europe & US: Migration Economic cycle: Series of recessions / uncertainties Cost pressure in health care most likely to: - impact high capex projects (eg. MRI) - increase focus on work efficiency (communication vs. nurse marathons ) - shortage of nurses Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 19

19 [ WIRELESS SOLUTIONS ] WIRELESS SOLUTIONS TO GROW AND DIVERSIFY CUSTOMER BASE Geographical expansion and new channels boost customer diversification and leverage profitability from growth ORGANIC GROWTH INITIATIVES EXTERNAL GROWTH INITIATIVES Focus markets New technologies New markets Existing markets, additional focus FOCUS Southern Europe Middle East Americas GSM Home care Active market consolidation STRATEGY Leverage existing offering Enable Ascom functionality offsite Active market screening Opportunistic approach Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 20

20 [ ] ORGANIC GROWTH INITIATIVES FOR WIRELESS SOLUTIONS Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 21

21 Implications for Ascom [ WIRELESS SOLUTIONS ] INVESTMENTS IN GSM FAMILY TECHNOLOGY 1. Standardized simple sms-based integration to our alarming already part of existing offering 2. Ascom UNITE client software required on standard GSM handset / smart-phone in order to actively integrate our interactive messaging (Unite) clients software for corporate customers, such as: - handset-client supervision - centralized management - prioritized message handling 3. Dedicated Ascom GSM handset in evaluation: OEM-based (sourced-in) handset suppliers analyzed; less likely option: GSM purpose-built handset Coverage of three main radio carrier technologies: IP-DECT, VoWiFi and GSM Satisfies customer needs to extend Ascom system functionality to wide area Positions Ascom as unique supplier to offer on-site and wide area work-place mobility solutions based on three major radio carrier technologies Enterprise class GSM with UNITE connectivity Ascom Apps for Smartphones 22

22 [ WIRELESS SOLUTIONS ] FURTHER INVESTMENTS IN INDIRECT CHANNELS FOCUS REGION APPROACH 1 US; Western Europe 2 Southern Europe (Spain); Eastern Europe (e.g. Czech Rep.) 3 Middle East (Saudi Arabia; UAE) Accelerate growth Target to hospitals: Leverage strong existing client base, leading offering and market position More offensive development of indirect channel Enhance indirect channel Expand own sales & support team Leverage existing offering Select, evaluate and train VAR staff Collaborate with end-users pull the deals Adopt existing product offering to local needs Further expand sales & support organization Obtain approval from regulatory bodies, authorities 23

23 [ WIRELESS SOLUTIONS ] VALUE CREATION WIRELESS SOLUTIONS STRATEGY Shift revenue mix further towards health care communication FINANCIAL TARGETS 2013 Revenues CAGR : 5-10% EBITDA-margin % Market drivers: Market * MCHF CAGR : market c4-5% Ageing population, demographics Cost pressure in health care triggers investments into efficiency Targeted Ascom share 14-15% CAGR : Ascom 5-10% * Total addressable market (All segments, Ascom management assumption) Ascom organic drivers: Geographic expansion: Leveraging products in new regions through new value added resellers (Middle East, Americas, Southern Europe) Continue to invest in innovation (e.g. i62) Add GSM (wide area wireless) to complete the offering Health care communication applications: Potential diversification from acute & institutional care into independent living 24

24 [ ] ADDITIONAL GROWTH BASED ON ACQUISITIONS Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 25

25 [ GROUP ] ACQUISITION PRIORITIES FOR THE ASCOM GROUP Top priority Top priority Wireless Solutions: Become The health care communication company Focus area: Health care communication Other areas: Market consolidation 2nd priority Network Testing: Selective small transactions 26

26 ASCOM S 7 KEY M&A CRITERIA [ GROUP ] WE CONTINUE TO RELY ON OUR STRICT M&A CRITERIA, ALSO FOR OUR TARGETED HEALTH CARE COMMUNICATION GROWTH Strategic fit (Mission-Critical Communication) Focus on offering and/or geographic extension Own technology and/or customer base Profitable business (track record) Potential for profitable growth Strict and proven concept to be applied to our acquisitions Management / key people strength and retention Interested in being acquired and reasonable price 27

27 [ ] NETWORK TESTING NO. 1 GLOBALLY IN MOBILE NETWORK OPTIMIZATION AND BENCHMARKING TOOLS BENEFITING FROM LTE INVESTMENTS Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 28

28 [ NETWORK TESTING ] DIVISION NETWORK TESTING Mission Ascom Network Testing is the industry leader in benchmarking, testing, and optimization solutions for wireless networks. Customers Core Segments Subsidiaries / Branches Products to test and evaluate the performance and quality of wireless networks and services. Systems to benchmark and monitor the performance and quality of wireless networks, services, and content. Software to visualize, analyze, and report mobile network performance and quality. Figures 2009: 2013 Targets: Revenues 133 MCHF 5-10% CAGR EBITDA-margin 13.6% 16-19% Employees

29 [ NETWORK TESTING ] NETWORK TESTING IS THE HIGHEST EBITDA-MARGIN CONTRIBUTOR TO THE GROUP Core segments Telecom operators Telecom infrastructure vendors Telecom professional service providers Telecom regulatory agencies and other government entities Telecom content providers Product/Service offering Test & Measurement Benchmarking & Monitoring Reporting & Analysis of radio access network performance, as well as network quality of service Offered as: Products Systems Solutions Product-near Services Go-to-market Growth driver Financials Direct channel: Global business with subsidiaries / branches in approximately 20 countries Indirect channel Exponentially growing demand of mobile broadband services: 2010 to be 1st year for total data volume to exceed voice volume; data volume to quadruple by 2013 End-customer needs (smart phones) force mobile operators to invest into 3.5G and 4G (LTE) networks to offer sufficient bandwidth in order to manage the higher data volume Highest margin profile within group; EBITDA-% maintained despite market headwinds H1 2010: EBITDA-margin of 15.4% (incl. CHF1.6m one off integration costs) 30

30 [ NETWORK TESTING ] MOBILE NETWORK OPERATORS NEED NETWORK TESTING SOLUTIONS Infrastructure Roll-out Verify that network implementations work as intended Troubleshooting Identify and analyze problems in their networks Benchmarking of competition Compare their networks with competitors networks, for marketing or other purposes Monitoring the Network Ensure that their network continuously functions and performs as intended Network Testing helps operators to understand their customers experience from a technical perspective and to improve customers perception of the networks 31

31 [ NETWORK TESTING ] A SNAPSHOT OF SUBSCRIBER NEEDS More places, more often, many different ways & services Expecting Demanding Depending on Expecting lower prices More for less Individual communication increasingly mobile 5.9 billion subscribers 50 billion connections (2020) Ascom helps operators meet subscriber needs 32

32 [ NETWORK TESTING ] EXPLODING MOBILE DATA TRAFFIC REQUIRES FAST, EFFICIENT AND RELIABLE NETWORKS Business model: Complementary hardware (30%) and software (70%) offering Leading global industry position Millions of Terabytes per annum Growth drivers: Exponentially rising mobile data volumes Ongoing subscriber growth Need for technology migration First LTE trials started in 2009 in Scandinavia Substantial volume of orders expected as of 2012 Continuous optimization of network infrastructure to extend life cycle Source: Future Mobile Networks, January 2010, Informa Telecoms & Media Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 33

33 [ NETWORK TESTING ] NETWORK TESTING GROWTH DRIVEN BY SEQUENTIAL GEOGRAPHIC ROLL-OUT OF NEW 4G (LTE) NETWORKS Market for mobile test equipment forecast to grow at 5% CAGR Market growth driven by: Proliferation of mobile broadband access Growth in voice traffic in emerging markets Adoption of new technologies (3.5-4G) Growing focus on service quality Customer investments on new technologies just starting (e.g. Verizon); phased regional growth expected (US Europe / Asia) US market to start first, given highest mobile data volumes and partly older technologies Implication for Network Testing: CAGR : 5-10% (above market growth), driven by broadest offering, leading LTE portfolio, global sales and distribution network 34

34 [ NETWORK TESTING ] DIFFERENT CUSTOMER REQUIREMENTS DEVELOPED REGIONS DEVELOPING REGIONS 1st priority Customers focus on quality and functionality Price-sensitive customers Leverage the established global high-end TEMS brand Shift to 3.5G and 4G (LTE) requires major investments Specialized local product versions Develop indirect channels Local development center 35

35 [ NETWORK TESTING ] VALUE CREATION NETWORK TESTING STRATEGY Further strengthen the position as leading solutions provider in Mobile Network Optimization and benchmarking as well as the No. 1 in LTE networks FINANCIAL TARGETS 2013: Revenues CAGR : 5-10% EBITDA-margin 2013: 16-19% Market drivers: Market 2010* MCHF CAGR : market c4-5% Mobile data volume Subscriber growth Technology migration to LTE Ascom share c30% CAGR : Ascom 5-10% Ascom + drivers: Broadest and most innovative offering, incl. leading LTE portfolio 2011: Flat revenue expected Leading market position, c30% share Leveraging partner network, resellers * Addressable market (Ascom management assumption) 36

36 [ ] SECURITY COMMUNICATION SWISS NATIONAL CHAMPION IN COMMUNICATION TECHNOLOGY AND INTERNATIONAL PRODUCT SUPPLY THROUGH PARTNERS Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 37

37 [ SECURITY COMMUNICATION ] DIVISION SECURITY COMMUNICATION Mission Ascom Security Communication focuses on tactical communication for national & civil security organizations. In its home market Switzerland, the division is a solution supplier, general contractor and system integrator. It addresses the market abroad via international partners with products and systems for integration in their offering. Core Segments / channels Domestic national and civil security institutions International value added resellers Customers FDF Subsidiaries Offering: Offering: System integration Products & systems Installation & Engineering Engineering & Services Life cycle management Maintenance & support Figures 2009: 2013 Targets: Revenues 138 MCHF Service- and Project- Business EBITDA-margin 3.5% 7-10% Employees

38 [ SECURITY COMMUNICATION ] NATIONAL CHAMPION IN SECURITY COMMUNICATIONS Core segments National and civil security institutions Product/Service offering Secure communication for national and civil security institutions Offered as: Products Systems Solutions Maintenance & Support Services Go-to-market Direct channel: Switzerland, Austria, Finland and Czech Republic Indirect channel: System integrators & OEM partners with worldwide market access Growth driver Secure communication in harsh environment as a condition for a proper operation of national and civil security institutions International threat from terrorists and national disasters to drive demand for secure, reliable communication Financials Negative capital employed and attractive cash profile from customer prepayments Value driver, if EBITDA-margin sustainably >7% 39

39 [ SECURITY COMMUNICATION ] INVESTMENTS IN COMMUNICATION REMAIN MISSION-CRITICAL National and civil security institutions shift in roles Support of civil institutions: Civil protection tasks, catastrophes Missions abroad Border control tasks shift in requirements shift in budgets Inter-operability (heterogeneous technologies) Communication / coordination challenges (multi-level) Integration of multiple legacy systems Communication spending stable Kommunikation statt Panzer 40

40 [ SECURITY COMMUNICATION ] ASCOM S openaccess Node (oan) SOLUTION ENSURES CONNECTIVITY ACROSS HETEROGENEOUS TECHNOLOGIES Reference case study: Several Tactical communication projects with Defense forces in home market Need: Mobility and secure communication in harsh environments Differentiated benefits for clients: High density edge device Integrated intercom and tactical radio systems Support of heterogeneous legacy systems Customizable, scalable and future-proof 41

41 [ SECURITY COMMUNICATION ] VALUE CREATION SECURITY COMMUNICATION STRATEGY Focus on national and civil security communication, by maintaining a leading Swiss position as system integrator and as an option, growing internationally with business partners as product and system supplier. FINANCIAL TARGETS 2013 EBITDA-margin % Market: Service- and Project-Business Market drivers: Ongoing need for secure communication across national and civil security institutions Inter-operability, network centric operations, mobility of deployable forces Ascom + drivers: Leader in domestic market with wide experience in tactical communications. Substantial installed base in domestic market generates ongoing opportunities International, indirect business model to trigger growth at lower risk Technology shift: Need for IP networks and connectivity across heterogeneous network technologies 42

42 [ ] OUTLOOK AND VALUATION Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 43

43 [ VALUATION ] OUTLOOK Fully on track to achieve financial targets 2010: Revenues growth Organic and inorganic growth (confirmed from H1 2010) EBITDA-margin 11 12% guidance (confirmed from H1 2010) New financial mid-term targets for 2013: ambitious, but realistic! Revenues growth WS / NT 5 10% (targets ) EBITDA-margin 14 15% (Group) (target 2013) 44

44 [ VALUATION ] OUTLOOK: DIVISIONAL TARGETS FOR 2012/13 PLAN (figures without potential acquisitions) Wireless Solutions Sales growth 5 10% CAGR EBITDA-margin 12 15% margin 2013 Network Testing Sales growth 5 10% CAGR EBITDA-margin 16 19% margin 2013 Security Communication Sales growth Service- and Project- Business EBITDA-margin 7 10% margin

45 [ VALUATION ] VALUATION: INITIATED INVESTMENTS TO SUPPORT VALUE INCREASE An increased share of less volatile businesses, more focused activities, an experienced management team and mature processes reduce the risk profile Solid balance sheet with surplus liquidity enhances strategic flexibility and is a strong base for the targeted investments in 2011 EBITDA-margin of 14-15% in 2013 implies average margin expansion of almost 1% p.a. Discount to engineering, health care and high-tech peers, based on 2013 EPS- and EBITDA-multiples External growth opportunities only if seven M&A criteria are met Shareholders to benefit from improved cash flow profile through dividends as of FY

46 [ VALUATION ] SUMMARY OF AN APPEALING INVESTMENT CASE (I) A technology group with leading positions in all three areas of Mission-Critical- Communication, following a consistent strategy, now fine-tuned towards accelerated growth Three drivers (independent from each other) to the future increase in profitability and value creation: WS: On the way to the Health care communication company ; Growth from additional applications, offerings and regions NT: Operators capex in LTE (4G) networks to materialize as of 2012; exponentially growing mobile data transfer requires efficient networks SeCom: Improved efficiency and optional upside trough internationalization 47

47 [ VALUATION ] SUMMARY OF AN APPEALING INVESTMENT CASE (II) All three businesses leverage their leading competitive positions based on long-term growth drivers: mobile data transfer, ageing population and need of security communication Industry leading share of R&D offers unique value to the customers and implies a high entry barrier to low cost competitors for developed regions Group valuation at discount to peers - despite a more resilient growth profile, EBITDAmargins expanding towards 14-15% until 2013 as well as leading competitive positions in all three businesses Outlook assumes a steady economical environment and at least stable currency relations 48

48 [ VALUATION ] ANNUAL MEDIA CONFERENCE OF 9 MARCH 2011 Full year results 2010 Communication of Guidance on Group level for 2011 by appointed new CEO 49

49 [ ] Q&A Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 50

50 LEGAL DISCLAIMER This document contains specific forward-looking statements, e.g. statements including terms like believe, expect or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of Ascom and those explicitly presumed in these statements. Against the background of these uncertainties readers should not rely on forward-looking statements. Ascom assumes no responsibility to update forward-looking statements or adapt them to future events or developments. 51

51 [ ] CONTACT Ascom Holding AG Investor Relations Stettbachstrasse Dübendorf Switzerland Phone: Fax: investor@ascom.com Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 52

52 THANK YOU! Ascom Media & Analyst Conference, Targets , 12/01/2011 Ascom Group 53